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MEET mel
The document outlines Mel's retirement planning issues, highlighting that he runs out of retirement funds at age 72 while needing $40k annually. It emphasizes seven critical factors that Mel did not consider, such as liquidity, safety, return on investment, tax implications, longevity, inflation, and rising taxes. Ultimately, it suggests that his current retirement strategy is inadequate and encourages planning for a more financially secure future.
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MEET mel
- 1. meet MEL he runs out of retirement income at age 72 property of YCIS all rights reserved © 2008
- 2. A . K. A … property of YCIS all rights reserved © 2008
- 3. mr. everyday GUY property of YCIS all rights reserved © 2008
- 4. mel OWN’s a… property of YCIS all rights reserved © 2008
- 5. HOUSE with FIXED 30 year mortgage property of YCIS all rights reserved © 2008
- 6. he LIKES… property of YCIS all rights reserved © 2008
- 7. property of YCISall rights reserved © 2008
- 8. is GOOD friends with … property of YCIS all rights reserved © 2008
- 9. OXNARD property ofYCIS all rights reserved © 2008
- 10. mel WORKS … property of YCIS all rights reserved © 2008
- 11. property of YCISall rights reserved © 2008 here
- 12. mel is full of GREAT … property of YCIS all rights reserved © 2008
- 13. property of YCISall rights reserved © 2008
- 14. when it COMES to … property of YCIS all rights reserved © 2008
- 15. property of YCISall rights reserved © 2008
- 16. and … propertyof YCIS all rights reserved © 2008
- 17. property of YCISall rights reserved © 2008
- 18. but NOT with… property of YCIS all rights reserved © 2008
- 19. PLANNING for LIFE AFTER… property of YCIS all rights reserved © 2008
- 20. property of YCISall rights reserved © 2008
- 21. mel will live to be… 92! property of YCIS all rights reserved © 2008
- 22. mel will need$40k a year in retirement! property of YCIS all rights reserved © 2008
- 23. property of YCISall rights reserved © 2008
- 24. PROBLEM is …if mel draws enough money to maintain his current lifestyle , property of YCIS all rights reserved © 2008
- 25. mel’s taxdeferred retirement plan runs out when he is only... 72! property of YCIS all rights reserved © 2008
- 26. mel DID… what EVERYBODY else does… property of YCIS all rights reserved © 2008
- 27. PUT ALL his retirement savings in a ( 401k , IRA , 403b , etc .) PAID DOWN his house, so it would be… property of YCIS all rights reserved © 2008
- 28. HOUSE “ FREE & CLEAR when mel retired property of YCIS all rights reserved © 2008
- 29. mel did it BECAUSE his … property of YCIS all rights reserved © 2008
- 30. DAD did… propertyof YCIS all rights reserved © 2008
- 31. and it worked … FOR> because … property of YCIS all rights reserved © 2008
- 32. mel’s DAD wasn’t property of YCIS all rights reserved © 2008
- 33. ONE of… 78 MILLION BABY BOOMERS!!! WHO… property of YCIS all rights reserved © 2008
- 34. started retiring YESTERDAY! property of YCIS all rights reserved © 2008
- 35. that’s a lotof fish to feed * * SOCIAL SECURITY to pay out property of YCIS all rights reserved © 2008
- 36. 78 MILLION! BABY BOOMERS property of YCIS all rights reserved © 2008
- 37. FISH are PEOPLE too! us = property of YCIS all rights reserved © 2008
- 38. 7 thingsmel did NOT consider property of YCIS all rights reserved © 2008
- 39. no LIQUIDITYno SAFETY no RETURN on INVESTMENT property of YCIS all rights reserved © 2008
- 40. TAX DEFERRAL LONGEVITYINFLATION property of YCIS all rights reserved © 2008
- 41. 7 th …property of YCIS all rights reserved © 2008
- 42. the WORST for LAST… property of YCIS all rights reserved © 2008
- 43. DRUMROLL property ofYCIS all rights reserved © 2008
- 44. TAXES property ofYCIS all rights reserved © 2008
- 45. is THE … NAIL in the … property of YCIS all rights reserved © 2008
- 46. COFFIN property ofYCIS all rights reserved © 2008
- 47. what's WRONG with mel’s plan? property of YCIS all rights reserved © 2008
- 48. here are a few of the BIG things … property of YCIS all rights reserved © 2008
- 49. 1st … LIQUIDITYproperty of YCIS all rights reserved © 2008
- 50. mel CANNOT get his MONEY any time he needs it … property of YCIS all rights reserved © 2008
- 51. that makes itNOT… property of YCIS all rights reserved © 2008
- 52. property of YCISall rights reserved © 2008
- 53. 2nd … safetyproperty of YCIS all rights reserved © 2008
- 54. mel has lost a large amount of the MONEY he was counting on for retirement! property of YCIS all rights reserved © 2008
- 55. even the… property of YCIS all rights reserved © 2008
- 56. CASH property ofYCIS all rights reserved © 2008
- 57. IN his… property of YCIS all rights reserved © 2008
- 58. equity property ofYCIS all rights reserved © 2008
- 59. was NOT! property of YCIS all rights reserved © 2008
- 60. SAFE property ofYCIS all rights reserved © 2008
- 61. mel’s house lost value! ( like most of us ) property of YCIS all rights reserved © 2008
- 62. that's money he was counting on for retirement… GONE! property of YCIS all rights reserved © 2008
- 63. 3rd … RETURN ON INVESTMENT property of YCIS all rights reserved © 2008
- 64. we are simplygoing to make a point about what equity REALLY IS! and how most people perceive their homes… property of YCIS all rights reserved © 2008
- 65. to reinvestyour money for an extra million at retirement you may move assets from ANYWHERE , not just from the equity in your home! property of YCIS all rights reserved © 2008
- 66. equity doesn’tearn money … it’s just LAZY IDLE dollars ! property of YCIS all rights reserved © 2008
- 67. RETURN on INVESTMENTis the process of EARNING interest on your money property of YCIS all rights reserved © 2008
- 68. if mel wouldhave taken $ 200k out of the house when he had it … property of YCIS all rights reserved © 2008
- 69. and put it somewhere that earned lets say… 9% compound interest property of YCIS all rights reserved © 2008
- 70. that 200k would be… 400 k in 7.5 years! property of YCIS all rights reserved © 2008
- 71. hard to believe ? property of YCIS all rights reserved © 2008
- 72. meet alberteinstein property of YCIS all rights reserved © 2008
- 73. he said... “compound interest is the 8 th wonder of the world ” Albert Einstein property of YCIS all rights reserved © 2008
- 74. 4th … taxdeferral property of YCIS all rights reserved © 2008
- 75. MEANING… mel’s ( 401(k), IRA, 403(b) ) tax deferred retirement plan … property of YCIS all rights reserved © 2008
- 76. has not been taxed yet , property of YCIS all rights reserved © 2008
- 77. but it WILL BE taxed… during his retirement years property of YCIS all rights reserved © 2008
- 78. tax deferral would be the greatest thing on… property of YCIS all rights reserved © 2008
- 79. if… property ofYCIS all rights reserved © 2008
- 80. mel TRULYbelieved in his … property of YCIS all rights reserved © 2008
- 81. that… property ofYCIS all rights reserved © 2008
- 82. TAXES will be … the same , or lower in the future . property of YCIS all rights reserved © 2008
- 83. property of YCISall rights reserved © 2008
- 84. he has BILL$ property of YCIS all rights reserved © 2008
- 85. what would you rather pay TAXES on? property of YCIS all rights reserved © 2008
- 86. the SEED? property of YCIS all rights reserved © 2008
- 87. OR the? property of YCIS all rights reserved © 2008
- 88. HARVEST ? propertyof YCIS all rights reserved © 2008
- 89. don’t you think TAXES will HAVE to go UP … ? property of YCIS all rights reserved © 2008
- 90. and it might be better to pay them NOW ? property of YCIS all rights reserved © 2008
- 91. property of YCISall rights reserved © 2008
- 92. NO NEED TO WONDER any longer … oh you didn't… property of YCIS all rights reserved © 2008
- 93.
- 94. THEY ALREADY WENT UP!!!
- 95. MAY 2007 congress RAISED taxes “ the largest tax hike in U.S. history” property of YCIS all rights reserved © 2008
- 96. MEANING… our taxes WILL be going up in 2010 !!! property of YCIS all rights reserved © 2008
- 97. 5th … longevityproperty of YCIS all rights reserved © 2008
- 98. PROBLEM is …mel lives to be 92 but his tax deferred retirement plan runs out when he is only 72 property of YCIS all rights reserved © 2008
- 99. 20 YEARS! of living on social security alone… YIKES!!! property of YCIS all rights reserved © 2008
- 100. mel willneed to share his with… property of YCIS all rights reserved © 2008
- 101. 78 MILLION! BABY BOOMERS property of YCIS all rights reserved © 2008
- 102. did you know social security is taxed as income ? property of YCIS all rights reserved © 2008
- 103. mel has no tax write offs property of YCIS all rights reserved © 2008
- 104. cat food MELVIN ? property of YCIS all rights reserved © 2008
- 105. property of YCISall rights reserved © 2008
- 106. PROBLEM is …Social security property of YCIS all rights reserved © 2008
- 107. is … propertyof YCIS all rights reserved © 2008
- 108. ed property ofYCIS all rights reserved © 2008
- 109. meet alan green span Chairman of the Board of Governors of the Federal Reserve of the U n i t e d S t a t e s 1987 -2006 property of YCIS all rights reserved © 2008
- 110. HE SAYS… “ as best I can judge, when the BabyBoom ( generation ) retires, we are going to have to either raise taxes very sharply or cut benefits by HALF ” property of YCIS all rights reserved © 2008
- 111. SOCIAL SECURITY propertyof YCIS all rights reserved © 2008
- 112. is … propertyof YCIS all rights reserved © 2008
- 113. ed property ofYCIS all rights reserved © 2008
- 114. 6th … inflationproperty of YCIS all rights reserved © 2008
- 115. going to =in the future ? what is… property of YCIS all rights reserved © 2008
- 116. we don’t knowbut, less for sure property of YCIS all rights reserved © 2008
- 117. 7th … TAXESproperty of YCIS all rights reserved © 2008
- 118. what will causethe taxes to go up ? property of YCIS all rights reserved © 2008
- 119. how about NATIONAL DEBT? property of YCIS all rights reserved © 2008
- 120. 9 trillion indebt actually its WORSE property of YCIS all rights reserved © 2008
- 121. meet david walker COMPTROLLER GENERAL OF THE U N I T E D S T A T E S property of YCIS all rights reserved © 2008
- 122. he notes … if you Include social security , medicare , medicaid , it makes the REAL DEBT … $ 42 trillion property of YCIS all rights reserved © 2008
- 123. 7 strikes to the HEAD of household! property of YCIS all rights reserved © 2008
- 124. we can now say mel’s… RETIREMENT PLAN property of YCIS all rights reserved © 2008
- 125. is NOT a PLAN at all property of YCIS all rights reserved © 2008
- 126. whose retirement is mel planning? property of YCIS all rights reserved © 2008
- 127. THANKS melvin! property of YCIS all rights reserved © 2008
- 128. THANKS melvin!property of YCIS all rights reserved © 2008
- 129. THANKS dad ! property of YCIS all rights reserved © 2008
- 130. SORRY son !property of YCIS all rights reserved © 2008
- 131. I QUIT! property of YCIS all rights reserved © 2008
- 132. he did! property of YCIS all rights reserved © 2008
- 133. DIFFERENT is NOT always BETTER, but BETTER is ALWAYS … property of YCIS all rights reserved © 2008
- 134. DIFFERE N T!property of YCIS all rights reserved © 2008
- 135. what’s for dinner melvin ? property of YCIS all rights reserved © 2008
- 136. property of YCISall rights reserved © 2008
- 137. ifyou are looking for something DIFFERE N T go meet sue . If you want to skip meet sue , and get to work on planning for a successful ( TAX SMART ) retirement contact us at… property of YCIS all rights reserved © 2008
- 138. ( 866 -884 - 7483 ) or get STARTED NOW at www. the fortune academy .com THE END property of YCIS all rights reserved © 2008